Power Market Engineer Job in Bengaluru at Burns & McDonnell India

Burns McDonnell is hiring for the role of Power Market Engineer!

Responsibilities of the Candidate:

• Perform a broad range of studies and other consulting services to support electric utilities and asset developers to make decisions backed by business and engineering analysis regarding their investments and power supply requirements, such as integrated resource planning, market assessments, evaluations, and power supply RFP evaluations.
• Researching the US power markets (PJM, MISO, NEISO, SPP, CAISO, WECC, SERC, ERCOT, NYISO) and assisting with the production cost & capacity expansion models development which can be utilized for the power price forecasting and congestion & curtailment risk evaluation.
• Perform forecasts and evaluations utilizing power supply planning software such as capacity optimization and hourly dispatch software models.
• Extracting key operational characteristics and market assumptions from internal sources and third-party databases like S&P Global and Velocity Suite.
• Analyze life-cycle costs by developing and incorporating technical assumptions regarding capital costs, operation and maintenance costs, performance estimates, and economic assumptions and forecasts.
• Conduct technical and business-related risk assessments that evaluate impacts associated with rules implemented by regulatory agencies.
• Developing presentation materials that communicate clearly the analyses performed and conveying insights that help developers better serve their utility customers.
• Support multiple ad hoc projects inclusive of those above, completing them in a timely manner.
• Knowledge of the US power market is preferred.

Requirements:

• A bachelor's or Master’s degree in Power / Energy systems is preferred or a bachelor’s in electrical engineering is a must.
• Prior experience associated with electric utility operations, planning, or consulting is preferred.
• Experience with production cost models (PLEXOS, PROMOD, etc.) is preferred.
• Strong understanding of US power market economics.
• Sophisticated data management and statistical analysis skills using Excel VBA, Power BI, R and Python